Best Web3 Coins to Buy in 2024

Web3 is already replacing the way we use the internet. We learn about new decentralized technologies every day that work much better than traditional or web2 apps. That said, it is no wonder that finances have joined this trend.

Web3-based finances are typically associated with cryptocurrencies, blockchain technology, and related high-tech advancements. Many people joined the trend by purchasing one of the best web3 coins and making a fortune. If you wish to do the same, you should understand that it’s still not too late to join the game.

Read our guide and jump on the bandwagon by picking one of the coins that best suits your budget.

Best Web3 Crypto Coins to Buy in 2024

  1. Dogeverse (DOGEVERSE)Best multi-chain web3 coin, $15M raised on presale.
  2. WienerAI (WAI) – New meme coin uses AI to create a crypto trading bot. Over $2M raised.
  3. 5th Scape (5SCAPE) – Unique VR/AR gaming ecosystem, $4M raised in presale.
  4. Sponge V2 (SPONGEV2) – New version of a popular meme coin. 100x in 2023.
  5. Ethereum (ETH)Considered the de-facto home for Web3 coins.
  6. Ripple (XRP)Used by hundreds of financial institutions for cross-border payments.
  7. Polygon (MATIC)Improved version of Ethereum in terms of scalability.
  8. Uniswap (UNI)One of the best decentralized finance (DeFi) projects.
  9. Cosmos (ATOM)Enables interoperability between two or more blockchains.

A Closer Look at the Best Web3 Coins to Invest in

1. Dogeverse (DOGEVERSE)

Due to its multi-chain compatibility and high staking rewards, we have picked Dogeverse ($DOGEVERSE) as the best Web3 cryptocurrency in 2024. 

Dogeverse will leverage blockchain technology to become the first-ever Doge-themed meme coin that provides multi-chain compatibility across six networks. By using Wormhole and Portal Bridge technology, Dogeverse will be compatible with the Ethereum, Base, Avalanche, Solana, Binance, and Polygon blockchains. 

Dogeverse presale

This allows token holders to seamlessly navigate across different networks and access high scalability and security. Dogeverse will also provide staking rewards to $DOGEVERSE token holders. Currently, token holders can generate an APY (Annual percentage yield) of 53% by staking tokens on the smart contract. 

This will help promote long-term token holding, as the platform will constantly reward staked token holders with $DOGEVERSE. From its total supply of 200 billion, 20 billion tokens will be distributed as staking rewards. 

Another 30 billion tokens are being allocated for the ongoing presale. In just a few months, Dogeverse has raised more than $15 million through the presale. Currently, $DOGEVERSE is priced at $0.00031 per token. 

For more information, read the Dogeverse whitepaper and join the Telegram channel

Presale Started April 2024
Purchase Methods ETH, USDT, Card
Chain Ethereum, Solana, Avalanche, Base, Polygon, Binance
Hard Cap $17 million
Min Investment None
Max Investment None

2. WienerAI (WAI)

WienerAI ($WAI) is a new cryptocurrency that uses the power of Web3 and artificial intelligence to build a cryptocurrency trading bot. 

Through this beginner-friendly bot, $WAI token holders can access trading signals instantly. After inputting your crypto-related trading preferences, WienerAI will use predictive analysis to scan the markets for new investment opportunities. 

WienerAI presale

The platform will also study historical prices of cryptos and track real-time price movements to make an accurate analysis. WienerAI will suggest the best available prices across a number of decentralized exchanges. This allows traders to stay a step ahead of the volatile trading markets. 

On WienerAI, $WAI token holders can also generate passive income through the staking mechanism. Currently, one can earn an annual yield of 491% by staking tokens on the smart contract. From a total supply of 69 billion, 13.8 billion tokens will be awarded as staking rewards. 

Another 20.7 billion tokens are being offered through the ongoing presale. Currently, $WAI is priced at $0.000708 per token. In just a few months, the WienerAI presale has raised more than $2.3 million. 

Read the WienerAI whitepaper and join the Telegram channel for more information. 

Total Tokens 69 Billion 
Tokens available in presale 20.7 Billion
Blockchain Ethereum
Token Type ERC-20
Minimum purchase None
Purchase with ETH, USDT, and BNB

3. 5th Scape (5SCAPE)

5thScape is a popular web3 coin that intends to change the VR/AR gaming industry landscape by leveraging blockchain.

The platform aims to provide an innovative ecosystem where gamers can enjoy a virtual gaming experience and have the flexibility to earn, trade, and use its native $5SCAPE tokens.

It recently launched a presale for its $5SCAPE token and has already raised over $4 million. Early buyers can grab the $5SCAPE tokens for only $0.00285 each at the time of writing.

5th Scape homepage

Users can use the token for in-game purchases and access premium gaming experiences. Gamers and developers are rewarded with $5SCAPE tokens for using the platform and contributing to its development.

Some of the VR/AR games that will be available are MMA Cage Contest, a VR soccer game known as Immersive Kickoff, Thrust Hunter (which is a VR racing game), and an archery game branded Archery Master, among others.

The platform is also developing VR hardware like the VR Ultra device and the Swiftscape VR chair for ideal comfort and an immersive experience.

Interested buyers can follow 5th Scape on X (previously Twitter) and enter its Telegram group to keep up with the latest updates.

Presale Started January 2024
Purchase Methods ETH or USDT
Chain Ethereum
Hard Cap $15 million
Min Investment None
Max Investment None

4. Sponge V2 (SPONGEV2)

Sponge V2 (SPONGEV2) aims to surpass the success of its predecessor, Sponge V1, which peaked at $100 million in market cap, returning 100x to early investors. Being a meme coin, it gained huge popularity over a couple of months, and Sponge V2 is expected to follow suit.

This web3 crypto token offers high APY. If you stake it using the Ethereum network, you can expect an APY of 171%. Simultaneously, if you choose to stake it on the Polygon network, you’ll get an APY of 395%. The SPONGEV2 coin costs $0.00245. 

Sponge V2 token presale

Another reason many consider Sponge V2 one of the best web3 coins is the upcoming play-to-earn racing game. This will add further utility to $SPONGEV2, which can positively affect the token price.

Make sure to follow Sponge V2 on X and to join its Telegram channel or Discord server to get the latest updates.

Hard Cap NA
Total Tokens 150 Billion
Tokens available in presale NA
Blockchain Ethereum Network
Token type ERC-20
Minimum Purchase NA
Purchase with USDT, ETH, Card

5. Ethereum (ETH)

Ethereum is one of the best Web3 crypto projects and the best crypto 2.0 coin in the market. It has long been the top altcoin to buy, cementing its place behind Bitcoin as the second-biggest token in the crypto space.

Thousands of cryptocurrencies operate on the Ethereum blockchain, many of which are revolutionizing the Web3 space. For example, decentralized exchanges like Uniswap, SushiSwap, Yearn.finance, and dYdX utilize Ethereum.

Ethereum price

This means that token swaps, yield farming, staking, and other decentralized services require Ethereum smart contracts. In turn, each smart contract transaction requires GAS fees – essentially Ethereum network/transaction fees, paid in Ethereum’s native token, ETH. Similarly, some of the biggest metaverse projects, including Decentraland and the Sandbox, are built on Ethereum.

6. Ripple (XRP) 

Ripple is an established blockchain project that enables financial institutions to send and receive funds across borders. Its technology not only saves fees and increases speed but also reduces red tape. For example, cross-border payments via Ripple take just 4-5 seconds and average a micro-fraction of a cent.

Although Ripple is aimed at banks and financial institutions, its native token, XRP, is still one of the best web3 coins to buy for traders and investors. This is because XRP offers exposure to the success of Ripple. Hundreds of financial institutions are already using the technology, and additional partnerships are being made frequently.

XRP price today

As such, this web3 coin has a specific use case. In terms of performance, XRP still trades well below its all-time high price of $3.84 and costs $0.6433.

7. Polygon (MATIC)

Polygon is another web3 coin to keep an eye on. The project solves a major issue facing the web3 space – scalability. After all, whether it’s crypto payments, NFT transfers, or metaverse real estate purchases – all transactions must go through the blockchain.

Ethereum, in particular, struggles with the unprecedented amount of transactions required to handle, which causes expensive network fees and slow transactions.

Polygon price

In fact, Ethereum can handle just 30 transactions per second – this is where Polygon comes in, with its layer-2 solution enabling ERC-20 projects to bridge to its network. Not only does this increase scalability to 100,000 transactions per second, but fees are reduced too.

In light of this, more than 200 cryptocurrencies have since bridged to Polygon. Its native token, MATIC, remains one of the largest cryptocurrencies by market capitalization – currently valued at over $10 billion.

8. Uniswap (UNI)

In terms of DeFi projects, Uniswap is one of the best long-term crypto projects and is likely to play a major role in the future of web3. Founded in 2018, Uniswap enables people to access investment services without going through a third party.

At the forefront of this is its automated market maker (AMM) model, enabling users to swap cryptocurrency tokens without needing another market participant.

Uniswap

AMM instead uses liquidity pools that contain equal amounts of two tokens, such as ETH and USDT. Another feature of Uniswap is that users can add tokens to a liquidity pool. In doing so, users earn a share of trading fees.

Uniswap also adopts a governance model, enabling UNI token holders to vote on key proposals. According to CoinMarketCap, Uniswap is the largest decentralized exchange in the market.

9. Cosmos (ATOM)

Cosmos solves another crucial issue facing the web3 era – interoperability. This is because most blockchain networks have their own independent standard. In other words, competing blockchains are unable to share information between themselves.

The project has created the ‘Internet of Blockchains’, enabling data sharing between networks to solve that particular issue.

Cosmos price

Moreover, Cosmos is a highly efficient blockchain. The project notes that transaction times average just seven seconds at a fee of $0.01. Cosmos is backed by ATOM, its native token. Those holding ATOM can stake their tokens directly on the Cosmos blockchain.

ATOM’s current price is $12.15, and its market cap is $4.7 billion. The token can be staked on various platforms, and APY is within the 16-18% range.

What are Web3 Crypto Coins?

While Web 1.0 refers to the original internet in the 1990s, web 2.0 incorporated social media and mobile connectivity. Web 3.0 – more commonly referred to as web3 – will take things to the next level through 5G, cryptocurrencies, metaverse experiences, NFTs, and other related tech.

Web3 coins are cryptocurrency projects that offer exposure to the Web3 era. This refers to the next generation of the internet and incorporates a wide range of emerging technologies that includes everything from NFTs, blockchain, and smart contracts to 5G, artificial intelligence, and the metaverse.

That said, people buying web3 coins do so mostly for speculative reasons. If the chosen web3 crypto project takes off, it can lead to price appreciation, with the investor making a huge financial return.

Are Web3 Coins a Good Investment?

Web3 is a concept rather than a specific investment product. As such, investors will need to perform in-depth research when selecting the best web3 crypto to invest in. Many web3 crypto projects are shady, so consider the risks before proceeding.

This section explores whether web3 tokens represent a viable long-term investment.

Invest in Web3 Pureplays 

Those wishing to gain exposure to web3 can do so in various ways. This includes stocks involved in web3 technologies, such as 5G and machine learning.

However, there are very few web3 pureplays on the stock market. Rather, most of the web3 stocks are largely involved in other areas. For example, Launchpad XYZ is building a decentralized portal that will enable consumers to seamlessly invest in different web3 products, such as NFTs, crypto presales, and fractionalized real estate.

Similarly, DeeLance offers exposure to the future of employment in the web3 area. It has developed a decentralized marketplace that connects freelancers and recruiters. Payments are made in crypto via smart contracts, ensuring speed, cost-effectiveness, and transparency. Moreover, work submitted to recruiters can be backed by NFTs, proving ownership on the Ethereum blockchain.

First-Mover Advantage

Seasoned investors will focus on new and emerging technologies before they take off, such as people who invested in Apple or Microsoft during the 1980s.

The same applies to investing in top web3 coins. While the risks are high, the rewards can be significant because investments are made before a particular web3 project becomes fully functional and its crypto coin explodes in price.

Ideal for Diversification Strategies 

Web3 coins are ideal for diversification strategies, considering the number of active projects in this space. After all, while it is likely that many web3 tokens will fail, it only takes one to take off to see sizable returns. That said, the best way to build a diversified portfolio is to cover various niches within the web3 space.

Things to Bear in Mind Before Buying Web3 Coins

Here’s what to consider before investing in web3 crypto projects:

  • Diversification. There is no universally accepted view of what web3 will look like in the future. This is because the concept is still in its early stages, making diversification more important than ever.
  • Price fluctuation. Web3 coins operate in a highly volatile market, and investors should always be aware of significant price fluctuations.
  • Token utility. It’s wise to focus on the best utility tokens within their respective ecosystems. This means that the coin should serve a specific purpose.
  • Affordable investments. Some of the best web3 coins are brand-new projects that have just entered the market. While this increases the risks, new web3 coins generally offer the lowest cost price.

Web3 Crypto Price

Like any other asset, the value of web3 coins increases and plummets based on market demand. In other words, tokens need to attract more buyers than sellers to appreciate in value.

The value of web3 coins is often dictated by broader sentiment. For example, during the bull market, many web3 crypto projects witness rapid growth without appropriate market demand. On the flip side, many coins sank during bear phases despite the stable market demand.

Note that emerging cryptos and presale projects like Dogeverse are yet to trade on public exchanges as presales collect funds from investors in a private setting. The tokens will be listed on exchanges after the presale concludes.

Conclusion

Many investors have already joined the web3 space, believing that purchasing the best web3 coins at this early stage would bring them significant profits in the long run. And they are most likely right. Considering the profits that web2 brought to early investors, purchasing web3 crypto coins at this moment appears to be a solid investment opportunity.

That said, we particularly like the promising future of Dogeverse ($DOGEVERSE). Among other things, this new web3 cryptocurrency offers multi-chain compatibility and provides high staking rewards.

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Kane Pepi
Editor
Kane Pepi
Editor

Kane Pepi is an accomplished financial and cryptocurrency writer who has an extensive portfolio of over 2,000 articles, guides, and market insights. With his expertise in specialized subjects such as asset valuation and analysis, portfolio management, and financial crime prevention, Kane has built a reputation for providing clear explanations of complex financial topics. He holds a Bachelor's Degree in Finance and a Master's Degree in Financial Crime, and is currently pursuing his Doctorate degree, which focuses on investigating the complexities of money laundering in the cryptocurrency and blockchain technology sectors. Kane's wealth of knowledge and experience in the field make…